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Experts seek initiatives, incentives to cushion looming recession

Re-Ignite / Business  / Experts seek initiatives, incentives to cushion looming recession

Experts seek initiatives, incentives to cushion looming recession

Experts in the financial sector have said that an economic recession looms in the third quarter of 2020 due to the coronavirus pandemic currently ravaging the global economy.

To cushion the effect of the recession, they advised, incentives and initiatives should be put in place to attract domestic private sector investments and Foreign Direct Investments (FDIs).

Besides, they said Nigeria needs to diversify into other sectors like agriculture, manufacturing and Small and Medium Scale Enterprises (SMEs), while improving infrastructure to make them work.

The experts, who spoke at an advocacy dialogue Webinar, organised by the Centre for Financial Studies (CFS) of the Chartered Institute of Bankers of Nigeria (CIBN), titled: ‘COVID-19: Tough Choices for Source :https://guardian.ng/business-services/experts-seek-initiatives-incentives-to-cushion-looming-recession/


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